ARQUES Industries AG / Disposal
16.03.2009
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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ARQUES sells Sommer Fahrzeugbau-Gruppe
* Buyer will continue the strategic development of Sommer
Starnberg, March 16, 2009 - ARQUES Industries AG (ISIN DE0005156004),
Starnberg (Germany), has sold its subsidiary Sommer Road Cargo Solutions,
Bielefeld (Germany). The buyer is a consortium of strategic partners from
the mid-sized German automotive industry and BSF Consulting AG, a financial
investor, who will continue the active restructuring of Sommer. ARQUES
acquired Sommer in October 2005. Both sides are bound to secrecy concerning
further details of the transaction.
The Sommer Road Cargo Solutions Group (Turnover 2008: approximately EUR 60
mill.) produces commercial vehicle superstructures, trailers, and
semi-trailers at locations in Germany, France, Poland and Russia. Within
the restructuring ARQUES concentrated the production in Germany on one
location, pushed serial production, enhanced the position in the market for
courier, express and parcel vehicles, expanded the Russian production site
in Novgorod and promoted the international expansion of the special vehicle
manufacturer. The buyer will continue the strategic development of Sommer.
About ARQUES
ARQUES Industries AG, Starnberg (www.arques.de), is a partner for major
corporations in corporate spin-offs and a turnaround specialist
concentrating on the acquisition and active restructuring of companies in
crisis situations in order to turn them into competitive and profitable
companies with a dedicated team and their own efforts. ARQUES revitalizes
its subsidiaries' potential for adding value for the benefit of all of
their stakeholders under consideration of the associated social
responsibility. The shares of ARQUES Industries AG are traded on the
Frankfurt Stock Exchange's Regulated Market (Prime Standard) under the
symbol 'AQU' (ISIN: DE0005156004) and have been listed in the
SDAX.
Contact
ARQUES Industries AG
Corporate Communication
Christian Schneider
Email: schneider@arques.de
Tel.: +49 (0) 8151/ 651 0
DGAP 16.03.2009
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Language: English
Issuer: ARQUES Industries AG
Münchner Str. 15a
82319 Starnberg
Deutschland
Phone: +49 (0)8151 651-0
Fax: +49 (0)8151 651- 500
E-mail: schneider@arques.de
Internet: www.arques.de
ISIN: DE0005156004
WKN: 515600
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hamburg, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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DGAP-News: ARQUES sells Sommer Fahrzeugbau-Gruppe
| Source: EQS Group AG